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This document is a Voluntary Petition filed by Manley Industries, Inc. for bankruptcy in the United States Bankruptcy Court for the Western District of North Carolina, including information about
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Chapter 7 – See Bankruptcy Code Section 707 – Because a trustee is appointed, the trustee may file an objection to a request for voluntary dismissal, and a hearing is required. Chapter 11 – See Bankruptcy Code Section 1112 – A debtor's request to dismiss requires a motion and an opportunity for a hearing.
This is typically initiated when creditors have determined that the debtor is unable to meet their financial obligations in repaying the debts to the creditors, and bankruptcy is the best option to recover those debts.
The voluntary petition will include standard information concerning the debtor's name(s), social security number or tax identification number, residence, location of principal assets (if a business), the debtor's plan or intention to file a plan, and a request for relief under the appropriate chapter of the Bankruptcy
A voluntary petition is a bankruptcy filing initiated by the debtor, while an involuntary petition is filed by the debtor's creditors. A voluntary petition is a more common filing and allows the debtor to choose the type of bankruptcy and the applicable chapter.

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B1 (Official Form 1)(12/11) is a form used in bankruptcy proceedings to initiate a bankruptcy case by providing information about the debtor's financial status and requesting relief under the Bankruptcy Code.
Any individual or business entity that intends to file for bankruptcy must submit B1 (Official Form 1)(12/11) to the bankruptcy court to start the process.
To fill out B1 (Official Form 1)(12/11), the debtor must provide personal and financial information including name, address, type of bankruptcy being filed, assets, liabilities, and income details. Guidance is available through court resources and legal counsel.
The purpose of B1 (Official Form 1)(12/11) is to officially commence a bankruptcy case, allowing the debtor to obtain relief from creditors and the opportunity to reorganize their financial obligations.
B1 (Official Form 1)(12/11) requires reporting of the debtor's name, address, the type of bankruptcy being filed, details about debts and creditors, and a summary of assets, income, and expenses.
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